(HBO) – The State Bank of Vietnam (SBV)’s branch in Hoa Binh province (SBV Hoa Binh) has proactively implemented measures to remove difficulties facing its individual and corporate clients who are affected by the COVID-19 pandemic.
Customers
have body temperature checked at the transaction office of the Bank for
Investment and Development of Vietnam (BIDV) in Tran Hung Dao street (Hoa Binh
city)
According to reports from credit institutions operating in the locality, as of
March 15, as many as 166 borrowers in Hoa Binh were impacted by the COVID-19 outbreak,
with a total debt of over 552 billion VND. Of which, short-term outstanding
loans, medium and long-term outstanding loans, and overdue accumulated interest
valued at over 190.5 billion VND, nearly 362 billion VND and over 4.76 billion
VND, respectively.
Under the direction by the central bank’s provincial branch, credit
institutions have taken many measures to support their clients, including cutting
interest rates, providing new loans to clients and rescheduling debt repayment to
suit the actual condition and ability of each borrower.
Accordingly, a total interest of 26.52 million VND for combined loans of 9.38 billion
VND will be reduced for four borrowers. Meanwhile, six new borrowers will be
given new loans worth 34.4 billion VND, and three others will be allowed to postpone repayment of their existing loans totaling3.3 billion VND.
Vice Director of SBV Hoa Binh Ngo Quang Loi said the entire banking system in
the locality needs to coordinate with the local authorities to implement the
work well, thus helping enterprises and individuals overcome difficulties,
and contributing to promoting economic
growth and controlling inflation.
According to Loi,
credit institutions should actively monitor business and production of
enterprises operating in the province, timely make reports on impacts caused by
the Covid-19 outbreak on borrowers, and implement measures to support and
remove difficulties facing those affected by the pandemic, such as rescheduling
repayment, lowering interest rates and fees, and keeping debt groups unchanged
in line with the sector’s regulations.
He stressed the
necessary for credit institutions to work with communication agencies to
popularize support measures of the banking sector, and actively coordinate with
the local authorities, and relevant departments and sectors to swiftly give
support to those impacted by the pandemic.
Attention should be also paid to addressing issues arising in implementing
solutions to support enterprises and people, and preventing the abuse of the disease
to avoid the repayment for credits that are not subject to assistance, he
added./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
